Common use of Termination Without Good Reason Clause in Contracts

Termination Without Good Reason. Notwithstanding any other provision of this Agreement, if Executive terminates his employment with Sbarro other than for Good Reason, Sbarro shall have no further obligation to Executive and Executive shall have no right to receive any compensation or benefit from Sbarro, on and after the effective date of such termination, other than: (i) Base Salary earned and accrued under this Agreement prior to such effective date of termination; (ii) accrued benefits (including compensation for accrued vacation, sick and personal days) in accordance with and subject to the terms of Sbarro’s benefit plans and policies; (iii) any then earned, but unpaid, Annual Bonus with respect to the year prior to the year in which termination occurs, payable on its normal payment date; and (iv) reimbursement, in accordance with the terms of this Agreement, for business expenses properly incurred prior to the effective date of termination. This Agreement, except for the provisions of this Section 5.4(c), Article 6 “Restrictive Covenants” (to the extent applicable in accordance with its terms) and Article 7 “Other Provisions,” shall otherwise terminate upon the effective date of the termination of employment and Executive shall have no further rights hereunder.

Appears in 11 contracts

Samples: Employment Agreement, Employment Agreement (Sbarro Inc), Employment Agreement (Sbarro Express LLC)

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Termination Without Good Reason. Notwithstanding any other provision of this Agreement, if Executive terminates his employment with Sbarro other than for Good Reason, Sbarro shall have no further obligation to Executive and Executive shall have no right to receive any compensation or benefit from Sbarro, on and after the effective date of such termination, other than: (i) Base Salary earned and accrued under this Agreement prior to such effective date of termination; (ii) accrued benefits (including compensation for accrued vacation, vacation and sick and personal days) in accordance with and subject to the terms of Sbarro’s benefit plans and policies; (iii) any then earned, but unpaid, Annual Bonus with respect to the year prior to the year in which termination occurs, payable on its normal payment date; and (iv) reimbursement, in accordance with the terms of this Agreement, for business expenses properly incurred prior to the effective date of termination. This Agreement, except for the provisions of this Section 5.4(c), Article 6 “Restrictive Covenants” (to the extent applicable in accordance with its terms) and Article 7 “Other Provisions,” shall otherwise terminate upon the effective date of the termination of employment and Executive shall have no further rights hereunder.

Appears in 1 contract

Samples: Employment Agreement (Sbarro Express LLC)

Termination Without Good Reason. Notwithstanding any other provision of this Agreement, if Executive terminates his employment with Sbarro the Company other than for Good Reason, Sbarro the Company shall have no further obligation to Executive and Executive shall have no right to receive any compensation or benefit from Sbarrothe Company, on and after the effective date of such termination, other than: than (i) Base Salary earned and accrued under this Agreement prior to such effective date of termination; (ii) accrued benefits (including without limitation compensation for accrued vacation, sick and personal days) in accordance with and subject to the terms of Sbarro’s the Company's benefit plans and policies; , (iii) any then earned, but unpaid, Annual Bonus with respect to the year prior to the year in which termination occurs, payable on its normal payment date; , and (iv) reimbursement, in accordance with the terms of this Agreement, for business and relocation expenses properly incurred prior to the effective date of termination. This Agreement, except for the provisions of this Section 5.4(c), Article Section 6 - "Restrictive Covenants" (to the extent applicable in accordance with its terms) and Article 7 “Other Provisions,” Section 7.4 - "Indemnification", shall otherwise terminate upon the effective date of the termination of employment and Executive shall have no further rights hereunder.

Appears in 1 contract

Samples: Employment Agreement (Sbarro Inc)

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Termination Without Good Reason. Notwithstanding any other provision of this Agreement, if Executive terminates his employment with Sbarro the Company other than for Good Reason, Sbarro the Company shall have no further obligation to Executive and Executive shall have no right to receive any compensation or benefit from Sbarrothe Company, on and after the effective date of such termination, other than: than (i) Base Salary earned and accrued under this Agreement prior to such effective date of termination; (ii) accrued benefits (including without limitation compensation for accrued vacation, sick and personal days) in accordance with and subject to the terms of Sbarro’s the Company's benefit plans and policies; , (iii) any then earned, but unpaid, Annual Bonus with respect to the year prior to the year in which termination occurs, payable on its normal payment date; , and (iv) reimbursement, in accordance with the terms of this Agreement, for business expenses properly incurred prior to the effective date of termination. This Agreement, except for the provisions of this Section 5.4(c5.5(c), Article 6 - "Restrictive Covenants" (to the extent applicable in accordance with its terms) ), Section 7.4 - "Indemnification" and Article 7 “Other Provisions,” as provided in Section 7.12, shall otherwise terminate upon the effective date of the termination of employment and Executive shall have no further rights hereunder.

Appears in 1 contract

Samples: Employment Agreement (Sbarro Inc)

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